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Dec 15 2016 at 13:33
1117 ieraksti
EUR/USD formed a new historical low today at 1.0394 after the FED interest rate hike yesterday, although it bounced off that level afterwards. The pair is still very bearish and it could soon break below 1.0400 as well. It's very possible for it to reach parity next year.

Master Trader
Dec 15 2016 at 14:48
8 ieraksti
Street_Trader posted:
Yes, it's in long term downtrend and it continues to fall.


Dec 16 2016 at 08:06
675 ieraksti
Following the Fed’s decision the EUR/USD pair tumbled and marked the lowest level since 2003 during yesterday’s session. The pair bottomed at 1.0366 and failed to recover to 1.0500 level. Current market price is 1.0389. A weekly close below the 1.0400 are will set next bears target at 1.0200.

Dec 16 2016 at 09:49
277 ieraksti
EUR/USD reached a multi year low yesterday going to 1.0366. The pair broke the support level at 1.04 and stayed for a while before the bullish camp took the chance to buy the dip. EUR/USD is now trading at 1.0444.

Hugo ONeill (honeill)
Dec 16 2016 at 10:01
1141 ieraksti
Yesterday the EURUSD fell with a wide range again and closed near the low of the day, in addition managed to close below previous day low, which suggests a strong bearish momentum.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0616 (resistance), a daily resistance at 1.0462 and the new multiyear low at 1.0366 (support).

"I trade to make money not to be right."
Dec 16 2016 at 13:26
1117 ieraksti
EUR/USD retraced back to the support level at 1.0462, which has now become a resistance and bounced off of it. It's currently testing the support at 1.0440 and a breakout below that level will likely lead to a further drop towards 1.0400.

Dec 16 2016 at 18:42
325 ieraksti
Lacker just on the wire, saying they will likely need more than 3 hikes in the coming year. Sounds like parity in 2017.

Dec 18 2016 at 08:50
708 ieraksti
The euro extended its losses at the end of the week, despite a sharp rise in the manufacturing index of Germany. The single currency fell to a 14 year low against the US dollar. Recent data from the euro zone were mixed. EUR/USD closed the week at 1.0449, moving closer to parity.

Dec 18 2016 at 08:53
708 ieraksti
Key levels to watch for:
Support: 1.0400; 1.0345;
Resistance: 1.0540; 1.0639.

Dec 19 2016 at 03:24
834 ieraksti
The risk remains on the downside, immediate support level can be found at 1.0366, break below it further decline might be expected.

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